Category Archives: Collective Forecasting

The real reasons why prediction markets are accurate. — [LINK]

Emile Servan-Schreiber: – Over the long run and many predictions, markets outperform most individuals; – The more participants there are in a market, the more accurate it is (although there are diminishing returns); – The more participants there are in … Continue reading

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A Multi-Agent Prediction Market Based on Boolean Network Evolution — [PAPER]

A Multi-Agent Prediction Market Based on Boolean Network Evolution – PDF file.

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Though not a legal, registered financial advisor, Justin Wolfers hands out financial ‘advice’ to anyone who is foolish enough to listen. — [SCREENSHOT]

More. – “A financial adviser or stock broker should be licensed to provide any consultation on investment in securities.” -

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What uses for the prediction markets on geopolitical events? — [ANALYSIS]

–> Well researched and balanced article from London School of Economics’s Matthew Partridge: The intelligence and security community also has mixed views. John F McCreary, the Chief Analysis Officer for KGS Security, who had a senior role at the United … Continue reading

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Emile Servan-Schreiber’s Lumenogic (ex-NewsFutures) harnesses the wisdom of crowds (scientists and engineers) for the US Air Force. — [LINK]

Emile Servan-Schreiber (cited in Bloomberg story): Every company faces the challenge of [finding out] what our company really knows — how do I access it, when I need it, how I need it — to help drive decision-making or results … Continue reading

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How prediction markets help forecast consumers’ behaviors — [REPORT]

Forrester Research’s Roxana Strohmenger has been caught red hand sucking up to our Paul Hewitt. Roxana Strohmenger (e-mail me at chrisfmasse at gmail dot com to get a copy of the report): At the end of the day, a prediction … Continue reading

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Your prediction markets can power the American Civics Exchange. — [IDEA MILL]

American Civics Exchange: Having just executed an initial round of closings for the funding we’ve been raising, we’re entering the final run-up to our real-money trading launch. With that in mind, we’ve launched a community feature where prospective traders (and … Continue reading

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Paul Hewitt on the usefulness of the prediction markets — [ANALYSIS]

Paul Hewitt: I don’t think there is any question that the usefulness of prediction markets has been exaggerated. We don’t hear much from James Surowiecki anymore. So a few of those polled probably indicated that he doesn’t exaggerate the usefulness … Continue reading

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Have Robin Hanson, Justin Wolfers and James Surowiecki been exaggerating the usefulness of the prediction markets? — [SURVEY RESULT]

Here’s the result of the Kauffman Foundation poll: – UPDATE: Here’s an example (among many) of the grave problems with prediction markets, which are unreported by the media. – PDF document. – - – - – - – - – … Continue reading

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Socially valuable betting (based on accountable predictions) has long been legal in America, professor Hanson. — [AWARENESS]

Robin Hanson: A track record tech must be combined with a social equilibrium that punishes those with poor records, and thus encourages rivals and victims to collect and report records. The lesson I take for forecast accuracy is that it … Continue reading

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